Amit Kumar

Chubb Profit Climbs 79% to $533 Million on Disaster Costs

Chubb Corp., the insurer of commercial property and high-end homes, said third-quarter profit rose 79 percent on lower catastrophe costs.

Japan Quake May Lift Reinsurers as Hurricane Katrina Did, Investors Say

Shareholders of reinsurers still counting losses from the biggest Japanese earthquake on record are betting on a share rebound comparable to the one that followed Hurricane Katrina in 2005.

Travelers May Face $183 Million Cost From Hurricane Earl, Macquarie Says

Travelers Cos. , the insurer added to the Dow Jones Industrial Average last year, may incur $183 million in costs from Hurricane Earl, Macquarie Group Ltd. said today.

Progressive Gains as Insurer Beats Estimates, Adds Sales Through Internet

Progressive Corp. , the fourth- largest U.S. auto insurer, gained the most in three months as the company beat analysts’ estimates and added customers.

Progressive Profit Climbs 23% to $362.9 Million on Higher Insurance Sales

Progressive Corp. , the fourth- largest U.S. auto insurer, said profit increased 23 percent on investment gains and rising policy sales to individuals through the Internet.

Travelers Misses Estimates, Cuts Forecast's Top Range

Travelers Cos., the insurer added to the Dow Jones Industrial Average last year, cut its full-year profit forecast after second-quarter results missed analysts’ estimates as the economic slump pressured sales and catastrophe costs rose. The stock posted the biggest decline in the Dow.

Travelers Gains Most in Dow as CFO Benet Says Insurer May Buy More Shares

Travelers Cos. climbed the most in the Dow Jones Industrial Average after Chief Financial Officer Jay Benet said the company will buy back more shares than previously planned.

India Overstated Exports by $9 Billion Because of Data ‘Misclassification’

India’s commerce ministry said it overstated merchandise exports by $9 billion in the eight months through November because of “misclassification and errors” in computing overseas sales.

Chilean Reinsurance Prices Surge As Much as 65% After Quake, Brokers Say

Reinsurance rates in Chile have surged since the world’s fifth-strongest earthquake in a century struck the country, attracting more carriers to the market.

"We have had Hurricane Isaac, but we have not had any other large losses beyond that."

- Amit Kumar on Oct 25, 2012

New York

Retail Sales Gain Shows Resilient American Consumer: Economy

U.S. Stocks Fluctuate After Record Highs Amid Sales Data

Gold Bears Pull $20.8 Billion as BlackRock Says Buy: Commodities

Chesapeake Ruling Shocks With $117 Million Loss: Credit Markets

S&P 500 Retreats From Record as Treasuries Fall With Oil